Historical Per-Person Share of the National Debt

Discussion in 'Current Events' started by wkmac, Mar 27, 2006.

  1. wkmac

    wkmac Well-Known Member


    Interesting over the years what the National Debt has done according to the info listed at the above link. Amazing looking back at Carter where the debt per person was $4k plus and look where it is now some 25 plus years later. Here's another interesting fact to consider. In Carter's day, that $4k plus would buy a fairly nice automobile and according to the info at the link, the present debt is $28k plus which would also buy about the same equalivate value car in the present day. Not pointing this out to defend the accounting gymnastics used by the politicians to skirt the responsibility of being fiscally sound but it is an ironic fact.

    Also I believe both parties are of equal guilt in fiscal irresponsibility here and being that according to Art. 2 of the Constitution, all spending bills orginate in the House of Representatives, I consider the Congress of greater guilt than the office of the President but that office does share in some guilt as well.

    Although I'm no fan of the plantation system of entitlements, SS, medicare, medicaid, etc.(IMO it breeds slaves of the empire and forces the empire to seek out adventures of fortune in order to seize gold for more wine and circus) these politicians have a responsibility to be fiscally sound. They should not waste millions on such things as how flies have sex or pay hundreds of thousands to a Georgia peanut lobby so they can erect a big peanut on the side of the highway under the banner of promoting to tourist when all 3 of the above programs face a variety of threats. "IF" you're gonna have them then make them sound and viable as the people you have promised expect you to do.

    Let the Georgia farmers pool their own money to buy their own big goober!

  2. Baba gounj

    Baba gounj pensioner

    Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama
    Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.